The lease to the Washington, D.C., hotel run by Donald Trump's family company while he was president has been sold to a Miami-based investor fund.
The Associated Press's family company while he was president, a symbol of his power to GOP politicians who gathered there and of corruption to his critics, has been sold by his family company to a Miami-based investor fund.
The new owners planned to remove the Trump name from the facade and rebrand the hotel a Waldorf Astoria. Workers were seen removing signage from the hotel Wednesday night. Many hotel brokers, owners and consultants did not expect the 263-room hotel down the street from the White House to fetch such a high price. The hotel lost more than $70 milllion during the four years of Trump's presidency, including in each year before pandemic shut downs.
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